Business Context and Reporting Period
Company: America Movil S.A. de C.V.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: December 2004 (Specific announcement date: December 7, 2004)
America Movil is the leading provider of wireless services in Latin America, reporting over 54 million wireless subscribers in the Americas at the time of this filing.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics for the period. The document focuses exclusively on a specific corporate transaction.
| Metric | Value |
|---|---|
| Transaction Purchase Price | US$294.85 million |
| Acquired Interest | 41.54% ownership in Compania de Telecomunicaciones de El Salvador (CTE) |
| Total Post-Transaction Interest in CTE | 94.4% |
Material Changes
The primary material change reported is the acquisition of a 41.54% ownership interest in CTE from the Government of El Salvador. This transaction increases America Movil's total stake in CTE to 94.4%. CTE provides fixed, mobile, and other telecommunications services in El Salvador.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing contains forward-looking statements regarding future economic circumstances, industry conditions, and company performance. These include statements about dividends, operating strategies, capital expenditure plans, and future operations.
Risks and Uncertainties: Management notes that actual results may differ materially from expectations due to risks including general economic and market conditions, industry conditions, and operating factors. There is no guarantee that expected events or trends will occur.
Investor Verification Checklist
- Verify the final closing status and regulatory approval of the 41.54% CTE acquisition.
- Confirm the total consolidated ownership percentage in CTE (stated as 94.4%).
- Review the impact of the US$294.85 million purchase price on the company's cash reserves and debt levels in subsequent financial reports.
- Monitor the integration of CTE's fixed and mobile services into America Movil's broader Latin American operations.